Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
Cano Health, Inc. reported a default on senior notes of 6.250% Senior Notes due 2028 with U.S. Bank National Association at 6.250% maturing 2028.
- Instrument
- senior notes
- Principal
- 6.250% Senior Notes due 2028
- Counterparty
- U.S. Bank National Association
- Rate
- 6.250%
- Maturity
- 2028
- Event
- default
Exact text from the filing
The filing of the Chapter 11 Cases constitutes an event of default that permits acceleration of the Company's obligations under the following debt instruments (the " Debt Instruments "): • Indenture, dated as of September 30, 2021, by and among Cano Health, LLC as issuer, the guarantors party thereto and U.S. Bank National Association, as trustee, relating to the 6.250% Senior Notes due 2028.
View on SEC.gov
Distress & Bankruptcy
SEC 8-K Item 1.03
confidence 0.99
Cano Health, Inc. entered chapter 11 in U.S. Bankruptcy Court for the District of Delaware (petition 2024-02-04).
- Proceeding
- chapter 11
- Court
- U.S. Bankruptcy Court for the District of Delaware
- Petition
- 2024-02-04
Exact text from the filing
On February 4, 2024, the Debtors commenced filing voluntary petitions (the “ Chapter 11 Cases ”) in the U.S. Bankruptcy Court for the District of Delaware (the “ Bankruptcy Court ”) seeking relief under Chapter 11 of the U.S. Code (the “ Bankruptcy Code ”).
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Cano Health, Inc. entered into Restructuring Support Agreement with lenders holding approximately 86% of its secured revolving and term loan debt and 92% of its senior unsecured notes (effective 2024-02-04).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- lenders holding approximately 86% of its secured revolving and term loan debt and 92% of its senior unsecured notes
- Effective
- 2024-02-04
Exact text from the filing
On February 4, 2024, Cano Health, Inc. (the “ Company ”) and certain of its direct and indirect subsidiaries (such subsidiaries, together with the Company, the “ Debtors ”), entered into a Restructuring Support Agreement (together with the Restructuring Term Sheet and all other exhibits and schedules attached thereto, the “ RSA ”) with lenders holding approximately (x) 86% of its secured revolving and term loan debt and (y) 92% of its senior unsecured notes (collectively, the “ Consenting Creditors ”)
View on SEC.gov